Connect with us

News

SAIL’s 9M FY’22 net profit at 9,597 cr, borrowings down by over Rs 16,222 cr

SAIL_Logo

New Delhi, February 9, 2022: Steel Authority of India Limited (SAIL) declared the financial results giving the company’s performance during Q3 and 9M of the Financial Year 2021-22 (FY’22).

Key Highlights of SAIL’s performance during Q3 FY’22 and 9M FY’22

  • Best ever Q3 and 9M production of hot metal, crude steel and saleable steel.
  • Net profit grows by 12% in Q3FY22 over CPLY. Net profit grows to Rs. 9597 Crore during 9M FY’22 vis-à-vis Rs 406 Crore during CPLY
  • Revenue from operations grows by 28% at Rs 25,245 Crore in Q3 FY’22 and 59% at Rs 72,715 Crore in 9M FY’22 over CPLY
  • Borrowings stood at Rs 19,128 Crore as on 31.12.2021

SAIL’s Performance at a glance

 Q3 FY’22Q3 FY’219M FY’229M FY’21
Financial Performance, in Rs Crore
EBITDA36595294175817267
PBT19313645128292271
PAT144312839597406
Physical Performance in Million Tonnes
Hot Metal Production4.8864.79813.81611.606
Crude Steel Production4.5314.36812.7710.659
Saleable Steel Production4.3654.15312.45510.184

A press release issued by the company says, that with the overall positive outlook in the economy and the announcements in the Union Budget for increasing the infrastructure spending, the performance is likely to improve in the coming quarters. The company’s focus remains to lower its borrowings and this is reflected in the reduction of about 15% over Q2.

Latest News

News9 hours ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column15 hours ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches16 hours ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News16 hours ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News17 hours ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...

New Launches2 days ago

TVS Emerald, HDFC Cap create Rs 1000 cr platform for plotted development projects

Chennai, Bangalore, March 29, 2023: Emerald Haven Realty Ltd (“TVS Emerald”), has signed a term sheet with HDFC Capital Affordable Real Estate Fund...

Trending